Many investors across Nigeria are smiling this July as the Nigerian Exchange (NGX) recorded a major rally in the first half of 2025, led by strong performance from top consumer …
INVESTMENT
-
EconomyFinance & ServicesINVESTMENTManufacturing & Consumer GoodsMarkets
-
Finance & ServicesInnovationINVESTMENTMarketsNigeriaTechnology
SEC Wants Artificial Intelligence to Power Nigeria’s Capital Market Surveillance
The Securities and Exchange Commission (SEC) has called on Nigeria’s capital market operators and stakeholders to adopt Artificial Intelligence (AI)-driven surveillance systems. The move is part of a wider strategy …
-
BusinessEconomyEnergyEnvironmentINVESTMENTNigeriaOil & Gas
Shell Buys 12.5% Bonga Oil Stake From TotalEnergies in $510m Deal
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of global energy giant Shell, has acquired an additional 12.5 percent stake in Nigeria’s Bonga oil field from TotalEnergies, boosting …
-
Finance & ServicesInfrastructureINVESTMENTMarketsNigeriaSales Strategy
Nigeria’s Pension Fund Assets Rise to N23.65tn
igeria’s total pension fund assets rose to ₦23.65 trillion at the end of April 2025, up from ₦23.33 trillion in March, according to the latest unaudited report by the National …
-
Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTMarkets
Nigerian Equities Market Gains N1.43tn on Strong Bank Stock Rally
The Nigerian equities market continued its upward trajectory last week, recording a robust gain of N1.43 trillion on the back of heightened investor interest, especially in the banking sector. Key …
-
Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTNigeria
Sterling Financial Holdings Grows Profit by 102%, Declares ₦43.68bn
Sterling Financial Holdings Company Plc (SFHC) has posted a remarkable 102% rise in its profit after tax for the 2024 financial year, recording ₦43.68 billion, up from ₦21.58 billion in …
-
The Nairobi Securities Exchange (NSE) surprised many on Tuesday, June 25, 2025, as it recorded strong gains despite nationwide protests and rising political tension. The market defied expectations by climbing …
-
Banking, Finance & InvestmentBusinessEastern AfricaEthiopiaFinance & ServicesINVESTMENTSales Strategy
Ethiopia Opens Banking Sector to Foreign Investors with New Licensing Rules
Ethiopia has officially opened its banking sector to foreign investors with a new directive that came into effect on June 25, 2025, allowing international banks to operate in the country …
-
Eastern AfricaEconomyFinance & ServicesINVESTMENTKenyaTrade and CommerceWestern Africa
Kenya’s M&A Deals Drop Sharply But Bigger Transactions Boost Total Value in 2024
Kenya recorded a significant drop in the number of mergers and acquisitions (M&A) deals in 2024, but the total value of those deals went up sharply, showing a shift in …
-
Banking, Finance & InvestmentBusinessEconomyFinance & ServicesINVESTMENTMarketsNigeria
Stanbic IBTC Lists 2.94 Billion New Shares on NGX After Oversubscribed Rights Issue
Stanbic IBTC Holdings Plc has successfully listed 2,944,772,083 additional ordinary shares of 50 Kobo each on the Nigerian Exchange Limited (NGX), following the conclusion of its recently completed rights issue. …